USDJPY Forecast
As expected, the USDJPY had a significant bearish momentum last week bottomed at 120.58. The bias is bearish in nearest term testing 120.50 – 119.50 region. Immediate resistance is seen around 121.25. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 122.20 any upside pullback should be seen as a good opportunity to sell.

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